The Pound Australian Dollar (GBP/AUD) exchange is just about clinging onto gains for a fourth straight day. The pair has slipped below 1.8200.
The Pound is paring earlier gains after the service sector PMI was downwardly revised to 58.8 in August. Concerns over the outlook of the UK economy are dragging on sterling.
The Australian Dollar is under pressure after the trade surplus missed expectations at AUD4.6 billion vs AUD5.8 billion forecast. Exports shrank to -4% from 3%. Political tensions with China started to show through in the data with grain and meat exports down 40% and 10% respectively.
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